The world’s largest offshore windfarm operator will extend the lifespan of three power stations
Clean energy ETFs with a weighting to utility operator Ørsted will soon be exposed to fossil fuels as Danish authorities “order” the company to bring decommissioned power stations back online to combat the ongoing energy crisis.
The $6bn iShares Global Clean Energy UCITS ETF (INRG) and $4m Fidelity Clean Energy UCITS ETF (FRNW) will be most affected by the news, given their 3.5% allocations to the company.
To a lesser extent, the $42m iClima Global Decarbonisation Enablers UCITS ETF (CLMA) and the $61m Invesco Global Clean Energy UCITS ETF (GCLE) will also be impacted with their respective 0.8% and 0.7% exposures to Ørsted.
The move by Danish authorities will force the company to restart units at…